Texas General Lines — Life, Accident, Health and HMOTexas Statutes and Rules Common to Life, Accident, Health and HMOHard
A Texas-licensed agent's license was revoked by the Texas Department of Insurance (TDI) due to a serious violation. If the agent wishes to reapply for a license, what is the minimum waiting period before they can generally submit a new application?
- A10 years
- B3 years
- C1 year
- D5 years
Show answer & explanationAnswer & explanation
Correct answer: D. 5 years
If an insurance license is revoked by the TDI, the individual typically must wait a minimum of 5 years from the date of revocation before they are eligible to reapply for a new license. This is to ensure sufficient time for rehabilitation and to protect the public.
Why the other options are wrong
- A. This is incorrect; 10 years is generally longer than the standard minimum waiting period.
- B. This is incorrect; 3 years is not the standard minimum for revocation.
- C. This is incorrect; 1 year is generally too short for a license revocation.
License Revocation Reapplication
After an insurance license is revoked by the TDI, there is a mandatory waiting period before the individual can reapply for a new license.
- Applies to licenses revoked due to serious violations.
- Aims to protect the public and allow for rehabilitation.
- The waiting period is a minimum, and reapplication is not guaranteed.
Memory trick: Revoked license, five years to wait, then reapply at the state's gate.